Once I lived the life of a millionaire Spent all my money, I just did not care Took all my friends out for a good time Bought bootleg whiskey, champagne and wine Then I began to fall so low Lost all my good friends and nowhere to go I get my hands on a dollar again I'll hang on to it till that old eagle grins Cause nobody knows you when you're down and out In your pocket not one penny and as for friends you don't have any When you get back up on your feet again Everybody wants to be your long-lost friend I said it's mighty strange, without any doubt Nobody knows you when you're down and out Nobody knows you, when you're down and out In your pocket not one penny and as for friends you don't have any When you get back upon your feet again Everybody wants to be your good long-lost friend I said it's strange, without any doubt Nobody knows you, nobody knows you Nobody knows you when you're down and out